Just Quotes: So Is San Francisco Hot Or Not?
“Do not be afraid of falling prices. It’s sales that are important,” [David] Lereah said. “We needed prices to fall. We had a balloon and we are deflating it. It…
San Francisco’s One Thumb Up
BusinessWeek gives San Francisco real estate a “thumbs up” in terms of “Value for the Long Run.” And while we agree, the jury is still out with regard to the…
Just Quotes: Et Tu David?
David Lereah, the senior vice president and chief economist of the National Association of Realtors, “expects real estate prices to continue to fall in most U.S. markets. In areas that…
The Article (And The House)
From the Chronicle: “After five open houses, a $40,000 price-cut and three months on the market, Leslie Nakajima hasn’t had a single offer on her three-bedroom house in Potrero Hill.…
Those Numbers Sure Can Be Tricky
Some interesting September-to-September data points courtesy of the SFHomeBlog: ∙ MLS listed inventory in San Francisco is up 36% from 9/04 ∙ MLS recorded sales in San Francisco are down…
Economy.com Weighs In On San Francisco
Three quotes from the Chronicle: Prices in San Francisco, Marin and San Mateo counties will rise about 3.6 percent a year for the next two years even as home values…
The President Of N.A.R. Goes To Washington
A couple of quotes from the testimony (pdf) of Tom Stevens, the President of the National Association of REALTORS, at today’s U.S. Senate hearing on “The Housing Bubble and Its…
Presentation To The NAR Leadership Summit
A tipster forwards the link to David Lereah’s Real Estate Reality Check presentation given at the National Association of Realtors (NAR) Leadership Summit last week. Very little of the data…
Affordability Is Up! (But Not Really)
Earlier this morning, we referenced the Housing Affordability Index (HAI) which is published by the California Association of Realtors (C.A.R.). According to the last published index (February), the percentage of…
But Isn’t The Median Sales Price Up?
Last November, 2760 Sacramento #3 (a 1,220 sqft. first floor, one bedroom, one bath condo without parking) sold for $827,000. Three days ago, the asking price for 2760 Sacramento #11…